ICO, ІРО, STO

Representatives of the Brazilian investment bank from São Paulo said they were going to attract $ 15 million in investment through their ReitBZ security tokenToken– is an accounting unit that is used to represent a digital balance in an asset.Details.

On February 21, Bloomberg published a report on the launch of the security token of Banco BTG Pactual investment bank. According to the information on the site, the bank is going to attract $ 15 million investment through tokenized assets.

Brazil: ReitBZ security-tokens from BTG Bank

As stated on the site, BTG plans to raise up to $ 15 million through an initial token offer called ReitBZ. The token will be supported by distressed real estate assets in Brazil.

The launch of the security token was commented by BTG Pactual CEO Roberto Sallouti: "The cryptography technology associated with this proposal allows us to be pioneers in the digital assets industry (...) We will be able to implement those classes of banking ownership that were not previously available to retail investors (...) We are constantly looking for innovative ways to promote and democratize and stimulating the development of financial and capital markets."

Bloomberg also says that the Brazilian bank is working to create a secondary market that will provide liquidityLiquidity– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details tokens after the sale. The exact date of the STO and the launch of tokenized shares is not yet known. Although representatives of the bank said that security tokens would allow investors to invest in the Brazilian real estate market and receive regular dividends. ReitBZ (RBZ) banking token, according to the information, can be purchased for Gemini Dollar (of Winklevoss brothers) and Ether.

Brazilian tokenized property or as a local bank attracts crypto-ReitBZ investors. As it became known, BTG Pactual is cooperating with the Gemini Trust Company, LLC (Gemini), which, by the way, was also created by the Winklevoss twins. This cooperation will help the bank not only sell tokens, but also distribute dividends between investors (depending on the share of the depositor).

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